"In this new wave of technology, you can't do it all yourself, you have to form alliances."Carlos Slim Helu
Mexican Businessman
Mexican Businessman
When it comes to alliances there appears to be a limit beyond which business is loath to go.
We understand we literally cannot do "it" by ourselves and form companies; which are alliances among individuals. And in some cases we do align with other companies when we see common benefit being the result, but not as often as could be true.
Every so often circumstances dictate the need for alliances. The "circumstances" today for many banks, auto manufacturers and retailers suggest they align or go out of business. But this is back up against the wall, gun against the temple sort of alignment. Defensive rather than offensive alignment.
Do you look for opportunity to align with others in the normal course of business ?
This is also why so many mergers and acquisitions fail. The two sides never thought about working with the other. They only focused on the control and power they planned to retain.
ReplyDeleteAt its core, management is power and when you align with someone else whether it be an individual or a company you give up some of your power. People don't like to do that.
ReplyDeleteBut I think the problem is in how they defined "power". Another aspect of management is getting others to do what you want done without having to do it yourself. Anyone who can align with others getting them to do what they think should be done is powerful in my book.